Ermenegildo Zegna N.v. · NYSE:ZGN
Ermenegildo Zegna — FY2021 Earnings Presentation
22 slides from Ermenegildo Zegna's earnings presentation, Feb 1, 2022
Slide 1: FY 2021 Preliminary Revenues
FY 2021 Preliminary Revenues 1st February, 2022 DATE PLACE 1
Slide 2: Disclaimer
DISCLAIMER Non-IFRS Financial Measures Our management monitors and evaluates operating and financial performance using several non-IFRS financial measures including Adjusted EBIT. Our management believes that these non-IFRS financial measures provide useful and relevant information regarding our per
Slide 3: Message from Gildo Zegna, Chairman and CEO
“Our first financial release as a publicly listed company confirms that Zegna is a global leader in the luxury market. Our focus on excellence, innovation and the strong customer response to our luxury leisurewear, resulted in our preliminary full year revenues outpacing our previously disclosed Pla
Slide 4: A Leading, Modern and Integrated Group
A LEADING, MODERN AND INTEGRATED GROUP ZEGNA*: Leader in Global Luxury Menswear THOM BROWNE: Distinctive Modern Luxury TEXTILE: One-of-a-Kind Made in Italy Luxury Textile Laboratory Platform Leveraging the growth of A unique brand with broad-based One-of-a-kind platform producing the highest luxury
Slide 5: Preliminary Revenues and FY2022 Guidance: Key Highlights
FY 2021 PRELIMINARY REVENUES AND FY2022 GUIDANCE: KEY HIGHLIGHTS Overall Stong Performance with Revenues Exceeding Plan 1 Continued strengthening of the business as we emerge from the health crisis: • Consolidated Revenues of EUR 1,292.4 million, +27% at actual rates vs. 2020A and -2% vs. 2019A • St
Slide 6: Zegna Group Road to Tomorrow
ZEGNA GROUP ROAD TO TOMORROW Zegna belongs to today, evolving alongside our clients • Continue to capitalize on and benefit from the ongoing casualization in menswear and desire for luxury leisurewear • Focusing on our iconic products while attracting new customers through creative collaborations •
Slide 7: Revenues by Segment
FY 2021 Revenues by Segment 7
Slide 8: Preliminary Group Revenues by Segment
FY 2021 Preliminary Group Revenues by Segment Strong Performance by Zegna brand and Acceleration of Thom Browne (Euro thousands in Actual FX) 2021A 2020A 2019A Δ % vs 2020A Δ% vs 2019A P R ELIM IN A R Y • Strong revenue growth in Zegna Segment (+23% vs 2020A), with revenues exceeding the EUR 1 billi
Slide 9: Revenues by Product Line
FY 2021 Revenues by Product Line 9
Slide 10: Preliminary Group Revenues by Product Line
FY 2021 Preliminary Group Revenues by Product Line Both Zegna branded Products & Thom Browne Providing Strong Growth • Zegna branded products revenues increased +33% compared to 2020A, thanks to strong (Euro thousands in Actual FX) 2021A 2020A 2019A Δ % vs 2020A Δ% vs 2019A P R ELIM IN A R Y growth
Slide 11: Revenues by Geography
FY 2021 Revenues by Geography 11
Slide 12: Preliminary Group Revenues by Geography
FY 2021 preliminary Group Revenues by Geography Growth led by United States and Greater China Region 2021A (Euro thousands in Actual FX) 2020A 2019A Δ% vs 2020A Δ% vs 2019A • USA is one of the primary growth drivers (+53% vs. 2020A), with a PRELIMINARY strong rebound in Zegna-branded products (espec
Slide 13: Revenues by Channel
FY 2021 Revenues by Channel 13
Slide 14: Preliminary Group Revenues by Channel
FY 2021 Preliminary Group Revenues by Channel Retail Performance Accelerating (Euro thousands in Actual FX) 2021A % on revenues 2020A % on revenues 2019A % on revenues Δ % vs 2020A Δ % vs 2019A P R ELIM IN A R Y Revenues 1,292,402 100% 1,014,733 100% 1,321,327 100% +27% (2%) • DTC channel outperform
Slide 15: 2021 and 2022 Guidance
Ermenegildo Zegna Group iaine WH ih iy i TTT
Slide 16: FY 2021 and FY 2022 Guidance
FY 2021 and FY 2022 Guidance Successfully Moving Forward ahead of Plan 1 • FY 2021 Adjusted EBIT margin2: around 10% • 2021 Preliminary Net Financial Indebtedness2,3, Slightly Positive Thanks to Healthy Cash Generation Ahead of Plan1 • 2022 sales growth: low-teens at actual FX vs. 2021 • Further imp
Slide 17: Ermenegildo Zegna Group
Ermenegildo Zegna Group
Slide 18: Appendix
Ermenegildo Zegna Group APPENDIX
Slide 19: Revenues by Segment: 1H21 vs 2H21
FY 2021 Preliminary Group Revenues by Segment: 1H21 vs 2H21 Revenues Growth Remains Double Digit in 2H21 vs 2H20 (+13%), after +50% in 1H21 vs 1H20 (Euro thousands in Actual FX) 1H21 1H20 Δ% vs 1H20 • 1H20 performance was heavily affected by COVID lockdowns and restrictions in both segments, thus fa
Slide 20: Revenues by Product Line: 1H21 vs 2H21
FY 2021 Preliminary Group Revenues by Product line: 1H21 vs 2H21 2H21 growth led by Zegna branded products consistent performance, Textile restart, Thom Browne impacted by a different scheduled timing in Wholesale shipments vs 2020A (Euro thousands in Actual FX) 1H21 1H20 Δ% vs 1H20 • 2H21 Zegna bra
Slide 21: Monobrand Store Network as of December 31st 2021
Monobrand 1 store network as of December 31st 2021 Thom Browne increasing DTC points-of-sale, Zegna streamlining its footprint as of December 31 st, 2021 as of December 31 st, 2020 as of December 31 st, 2019 THOM THOM THOM # Stores ZEGNA GROUP ZEGNA 2 GROUP ZEGNA GROUP BROWNE BROWNE BROWNE EMEA 69 9
Slide 22: Investor Relations Contact
INVESTOR RELATIONS CONTACT Investor Relations Francesca Di Pasquantonio francesca.dipasquantonio@zegna.com +39 335 5837669 Media Domenico Galluccio domenico.galluccio@zegna.com +39 335 538 7288 22